ALICE-JIM WELLS COUNTY ECONOMIC DEVELOPMENT CORP (EIN 450476097) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

RICHARD JOSLIN

Phone

3616643454

Tax Period

2022-01-01 to 2022-12-31

ALICE-JIM WELLS COUNTY ECONOMIC DEVELOPMENT CORP, founded in 2000, is a micro nonprofit in the Community Improvement sector that reported $42K in total revenue in fiscal year 2022. Revenue surged 121140% from the prior year, signaling strong growth momentum. Expenses of $52K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO IDENTIFY AND FACILITATE ECONOMIC DEVELOPMENT OPPORTUNITIES IN THE ALICE, JIM WELLS COUNTY TEXAS AREA

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $42,400

Program Service Revenue $0

Investment Income $34

Other Revenue $0

TOTAL REVENUE $42,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $51,584

TOTAL EXPENSES $51,584

Year-over-Year Comparison

	2022	2021	Change
Revenue	$42,434	$35	+1211.4%
Expenses	$51,584	$39,242	+0.3%
Net Income	$-9,150	$-39,207	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$37,092

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN DOWNS	PRESIDENT	3.00	Officer Director	$0	$0	$0
RICHARD JOSLIN	TREASURER	3.00	Officer Director	$0	$0	$0
TOM TURNER	DIRECTOR	1.00	Director	$0	$0	$0
GAIL HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOLENE VANOVER	DIRECTOR	1.00	Director	$0	$0	$0
LARRY MARTINEZ	EXECUTIVE DIRECTOR	25.00	Director	$37,092	$0	$37,092

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$42,434	$51,584	$106,578	$-9,150
2021	$35	$39,242	$115,727	$-39,207
2020	$278	$37,895	$154,934	$-37,617

ALICE-JIM WELLS COUNTY ECONOMIC DEVELOPMENT CORP